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sveta [45]
3 years ago
5

Waxwania is producing $550 of real gdp, whereas the potential real gdp (or full-employment real gdp) is $650. how large is its b

udget deficit?
Business
2 answers:
tekilochka [14]3 years ago
7 0
There seems to be an error in your question. Budget deficit is when the government spending exceeds its revenue, yet your question makes no mention of expenses. However, it seems to be referring to something we call the "negative output gap", where actual output is lower than potential output. If this is the case, then the output gap is $100. (I suspect you omitted the million as no country, not even fictional, only produces $500.)
Musya8 [376]3 years ago
3 0

Answer:

The answer is $100

Explanation:

With the data we have at our disposal on Waxwania, we can analyze that if the real GDP is $550, which would be the level of real production, that is, what it produced; and knowing that the real potential GDP is $650, that is, the level of production that the economy can reach with the efficient use of production factors, we can see that this economy is functioning at a lower level than it could. Therefore we can say that the budget deficit is $100.

Have a nice day!

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3 years ago
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g Ming Company has 500,000 shares of $10 par value common stock outstanding. During the year Ming declared a 10% stock dividend
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Answer:

$2,600,000

Explanation:

total shares of ming company = 500000

the dividend = 10%

10% * 500000 = 50000

stock dividend amount = 50000 share x 30 dolarrs

= 1500000

outstanding shares aftrr dividend = 500000+(500000*10%)

= 500000 + 50000 = 550,000

cash dividend = $2 per share

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2 years ago
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Answer:

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Resource needs and requirements change from time to time as per the situation. Resource requirements mean the quantity and the kind of resources that would be required for completion of a project.

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3 years ago
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A company that buys products and then exchanges them, typically at a higher cost than they were bought, is known as a merchant.

A service enterprise is an organization that uses volunteers and their skills to further its social mission in a broad sense. It doesn't just recruit volunteers; it works with a volunteerism culture.

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1 year ago
Use two correctly labeled side-by-side graphs of the loanable funds market in the United States and China to show how a higher i
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Answer:

Figure is given below.

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